Bitcoin finds support at TBO fast line amid choppy crypto markets

Bitcoin Price Dynamics

Bitcoin has retraced to the daily TBO Fast line, which is acting as initial support after yesterday’s decline. Although no daily TBO Close Short signal has been triggered, this level provides a favorable re-entry point. On the 4-hour chart, the Wednesday TBO Close Long was closed by an upper wick, but volume, OBV and RSI remain largely unchanged, indicating a period of sideways consolidation.

A close-up of a bitcoin and ethereum

Ethereum Market Dynamics

Ethereum mirrors Bitcoin’s choppy price action. It has printed two 4-hour TBO Close Longs but has yet to tag its 4-hour Fast line. The absence of significant shifts in volume or momentum suggests that a move to the Fast line will be pivotal in…

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